SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Vornado Rlty Tst (NYSE:VNO) based on the price action in the company's shares. Yesterday's price range of $68.52 and $69.48 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Vornado Rlty Tst may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Potential upside of 13.9% exists for Vornado Rlty Tst, based on a current level of $68.83 and analysts' average consensus price target of $78.42. Vornado Rlty Tst shares should first meet resistance at the 50-day moving average (MA) of $69.44 and find additional resistance at the 200-day MA of $70.64.

Over the past year, Vornado Rlty Tst has traded in a range of $64.13 to $79.56 and closed yesterday at $68.83, 7% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Vornado Rlty Tst and will alert subscribers who have VNO in their portfolio or watchlist when shares have changed trend direction.